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I'm curious if anyone has had any experience working with hard money lenders that offer non-doc loans for rehabs?
I have had no verifable income since 2004 but do have have a sizeable amount of money in the bank (50k...
I am closing on a rehab property today and was just skimming the HUD statement. I am doing a loan with a local bank. Closing costs are around 2.5% of the loan. $2290 of a $88,000 loan. Does this seem in line to yo...
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Hello,Here is my dilemma. I'm a retiree. I've been in my home for some years, refinanced 3 yrs ago (no cash out) into a 15 yr @ 3% fixed rate with Wells Fargo. I'm interested in purchasing an investment property in th...
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Hello BP Community,I've been working all year to get my first rental property under contract and it's finally happened!I had a conversation a while ago with the commercial lender where I bank locally, and I thought I ...
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Looking for some quick help. I have an 8 unit under verbal contract. We are going to have the seller carry a 2nd position loan behind the bank. Seller financing will be for 10% of our purchase price, bank will lend th...
Hey all, Just wanted to ask a quick question that I had while listening to to most recent BP episode!The guest mentioned that when he makes an offer on a property he is much more successful making a cash offer over t...
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So my line of credit of 140k just closed. What are some ideas on how to use this in terms of scaling my rentals properly
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Hi all. Got a fuzzy question i cant seem to get clarity on. I own an investment property that i have a primary mortgage on. I also recently got a heloc on the property but havent drawn down on it. I am considering a 1...
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Hello,
New investor, still learning. Quick background -- own a small business(10 years) in MN that has $0 debt.
Would like to start our REI journey by converting our primary single family home into a rental. Purch...
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I’m looking at coming in on a deal with a partner where I am bringing the cash and he is doing the rehab work.I plan on talking to a RE lawyer but wanted to just get some background of how to structure this deal.We do...